The Profit Motive in the Regulation Process

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I'm not sure how to model the current AI competition in the United States. I think it's a very complex problem. People should work on much more. Who exactly should be doing whatever? And there's not such a good answer when you look at the details. It doesn't seem like a good match is something substantive needed to be done.

Economist Tyler Cowen of George Mason University talks with EconTalk's Russ Roberts about the benefits and dangers of artificial intelligence. Cowen argues that the worriers--those who think that artificial intelligence will destroy mankind--need to make a more convincing case for their concerns. He also believes that the worriers are too willing to reduce freedom and empower the state in the name of reducing a risk that is far from certain. Along the way, Cowen and Roberts discuss how AI might change various parts of the economy and the job market.